Famous Farm's payables deferral period (PDP) is 50 days (on a 365-day basis), accounts payable are $100 million, and its balance sheet shows inventory of $125 million. What is the inventory turnover ratio?
A. 4.73
B. 5.26
C. 5.84
D. 6.42
E. 7.07
Answer: C
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Fill in the blanks with correct word
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